The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-03-13
Effect on REAL ESTATE.
A FAR SEEING CLASS OF MEN
WHO SPEAK FREELY
lu Favor Of Assisting the Midland
Railroad With the Requested
Subscription.

Wien those interested in real estate
are unanimously outspoken in favor OF
a pr jected enterprise, it generally
pos esses more than ordinary merit.
Anything which enhances the va ne
OF that class of property certa inly is a
true index 10 the effect on a city at
large. No interest can feel and ap.
preciate the downward tendency OF
community more than those who
handle real es ate, aud as q lule the
men engaged i'll it ara shrewd and far
seeing. To ascertain the views CT these
ar porter circulated among them yes.
ttrday, with the following result:
F. w. Royhter 1t 10 the most tri-
umphant conception OF ingenuity
thrown in the path of Mem.
phis for yesry. Favor it2 Why,
II they wanted to run througn
my house would give them right OF
way, ard with a free will. II neceF-
ssry, and IL comes 10 the test, / will
enter the campaign and go TO the TEL
nsssee river exhorting men 10 rally 10
its support and encouragement. An
uninterrupted through line from Bris-
toll to Memphis! Why, it is the great
st prospect the ty could have. l
have been here fOrty-seven years, pay
he Wy taxes on real es ate, ard never
kicked at gvge such undeniable prom
1879 OF Gre s d valuation and husi.
ness. Do l want III We'll, rather,
and very much. 50 much 30, in fact,
that b fore long her people vii say,
"Royster is cranky. On The subj sct"
Bat what | don't understand, is why
people oppose the subscription ask d
from the county. They ought not to
hesitate to give it to tn m 20 pres n
If 1t was requested. But they uon't 90
that far. They are only kid to is ue
bonds, and when the road is com
pleted to the Tennessee river and cara
running the bonds are to be paid for.
II return the county will recsive
1900 600 worth of the capital stock OF
the company, and will be entitled to
have hat much voice in saying who
shall be direc ors of the Company and
how the road shall be run. Why, it's
the best kind of investment on sound
busin cas- PRINCIPLES.
FL. l. Guion-I am heartily in favor
of assisticg and encouraging the enter
prise. The new railroads coming into
the city Ia tue only thing that has
sta ted real estate up, end the county
should do everything possible to secure
them.
Mlnter Parker-Am strongly in IA
vor OF 1t, for the reason that it will
have a marked and bene fcent effect
on the growth and pros Jeri'y OF the
city. II the road vas being built now
under a strong guarantee Of being COM
ptted real "a ate wou d increase in
value over 10 per cent. 1t is by far
the most important eastern line run
ming out Of the city. A great many
leople seem to think the county's fail
uIe to sub cribe will not stay the
building Of the line; don't think,
however, that it will be constructed
without 1t. The roposed route is no
prairie country, and will necessitate
the outlay Of millions upon millions
of dollars. have talked with a num-
Der of the oppont nts, and find tnem
general y people who have given ths
mat er little thought. Intelligent OK.
planarion soon does away with the
opposi / IN Of majority of them.
A. Hstche,t-I don't believe that
anything will add more TO the pros
rity OF Memphis
B NJ. Stratton-Ths county could
well afford to give that amount to the
r. ad on sccount OF the advantages
gained D rect connection with the
East carries with it an increase OF
prosperity and progress we do not
ful y appreca'e. By all means secure
tue n ad on the terms proposed, and
consider it r'u 'ste inv stment.
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MOrIuary Report.
Mnrfolifu raDnrf for tho xuaaly and.